,,ii  #aaith ,,congress  #b;d ,session  
,s4 #dcaj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,april #ae     
7legislative day1 ,april #ad71 #bjbf,mr4
 ,justice introduced the following bill2
 which was read twice and referred to   
the ,committee on ,finance  ,a ,,bill   
,to amend the ,internal ,revenue ,code  
of #aihf to allow a deduction for       
certain overtime compensation4  #a4     
,short title ,this ,act may be cited as 
the ,no ,tax on ,overtime for ,all      
,workers ,act4  #b4 ,deduction for      
certain overtime compensation  7a7 ,in  
general ,section #bbe7;c77#a7 of the    
,internal ,revenue ,code of #aihf is    
amended to read as follows3  7#a7 ,in   
general ,for purposes of this section1  
the term qualified overtime compensation
 means-- 7,a7 any overtime compensation 
paid to an individual required under    
section #g of the ,fair ,labor          
,standards ,act of #aich that is in     
excess of the regular rate 7as used in  
such section7 at which such individual  

is employed1 or  7,b7 any compensation  
paid to an individual that is in excess 
of the regular rate at which such       
individual is employed if-- 7i7 such    
compensation is paid for work for a     
single employer pursuant to an agreement
 between the employee 7or labor         
organization representing such employee7
 and employer entered into before the   
performance of the work1 and  7ii7      
either-- 7,i7 such work is in excess of 
a standard number of hours of such work 
for a specified period of time1 and such
 agreement specifies that such standard 
number of hours for a specified period  
of time is not less than #dj hours for a
 #g-;day work period1 or  7,,ii7 if the 
employee 7including any crewmember or   
flight crewmember1 or rail operating    
craft employee7 and employer referred to
 in clause 7i7 are both covered by the  
,railway ,labor ,act1 such work is      
beyond scheduled or anticipated hours on
 duty or for hours on duty that exceed a
 maximum number of hours with respect to

 a specified period of time 7as         
determined pursuant to such agreement74 
4  7b7 ,effective date ,the amendment   
made by this section shall apply to     
taxable years beginning after ,december 
#ca1 #bjbd4